Hip Protection Market Size - Growth by 2031
The Hip Protection Market is expected to register a CAGR of 5.6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Soft Hip Protectors, Hard Hip Protectors). Futher, it is segmented based on Application (Nursing Homes, Hospitals, Training Center, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Hip Protection Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Hip Protection Market Segmentation
Product- Soft Hip Protectors
- Hard Hip Protectors
- Nursing Homes
- Hospitals
- Training Center
- Others
Strategic Insights
Hip Protection Market Growth Drivers- Growing Awareness of Fall Prevention: Awareness of the risk of falls in old age promotes the use of hip protection solutions. Campaigns and healthcare ventures instil a sense of safety measures through experience and prevention.
- Technological Developments: New materials and styles in hip protectors result in more comfort and effectiveness. Through technological innovation, manufacturers could produce lighter, stronger, as well as more aesthetically pleasing products that will appeal to a large market.
- Rise in Participation in Sports: The increase in participation in sports and physical activity, especially among youth, increases the demand for protective gear. This is because athletes and active people seek hip protection to avoid injury while performing high-impact sports.
- Customization and Personalization: Tailored hip protector products are becoming trendy, whereby users can select designs and features tailored to their needs. This customization boosts customer satisfaction and promotes greater adoption.
- Integration of Smart Technology: Smart hip protection devices that track movement and fall detections are starting to evolve. These new innovations seek to provide real-time data to caregivers and users for enhanced safety and response times.
- Fashionable Designs: The younger consumers are now being attracted due to trendy designs of hip protection gear. The manufacturers nowadays put significant light on aesthetics to ensure that the protection gear is both functional and stylish and, hence, more appealing to a wider clientele.
- Collaborations with Healthcare Providers: Visibility and credibility for products can be improved through partnerships with hospitals and rehabilitation centers. More orders and sales can be expected through partnerships with healthcare professionals.
- Affordable Options: Providing cost-effective solutions for hip protection will respond to the budget-sensitive consumer. The more price points available, the better the market reach and the more likely broader use is.
- Target Elderly Care Facilities: The bulk purchases of safety and well-being products by institutions in nursing homes and assisted living facilities provide a vast market for targeted hip protection products.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Hip Protection Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Hip Protection Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The major factors driving the hip protection market are:
1. Rise in Participation in Sports.
2. Growing Awareness of Fall Prevention.
North America region accounts for highest revenue share in hip protection market.
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional/country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%).
The hip protection market is expected to grow at a CAGR of 5.6%.
Medline and Kaneka are the major companies operating in the hip protection market.
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023 - 2031).
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hip Protection Market - By Product
1.3.2 Hip Protection Market - By Application
1.3.3 Hip Protection Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HIP PROTECTION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HIP PROTECTION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HIP PROTECTION MARKET - GLOBAL MARKET ANALYSIS
6.1. HIP PROTECTION - GLOBAL MARKET OVERVIEW
6.2. HIP PROTECTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HIP PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SOFT HIP PROTECTORS
7.3.1. Overview
7.3.2. Soft Hip Protectors Market Forecast and Analysis
7.4. HARD HIP PROTECTORS
7.4.1. Overview
7.4.2. Hard Hip Protectors Market Forecast and Analysis
8. HIP PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. NURSING HOMES
8.3.1. Overview
8.3.2. Nursing Homes Market Forecast and Analysis
8.4. HOSPITALS
8.4.1. Overview
8.4.2. Hospitals Market Forecast and Analysis
8.5. TRAINING CENTER
8.5.1. Overview
8.5.2. Training Center Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. HIP PROTECTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hip Protection Market Overview
9.1.2 North America Hip Protection Market Forecasts and Analysis
9.1.3 North America Hip Protection Market Forecasts and Analysis - By Product
9.1.4 North America Hip Protection Market Forecasts and Analysis - By Application
9.1.5 North America Hip Protection Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hip Protection Market
9.1.5.1.1 United States Hip Protection Market by Product
9.1.5.1.2 United States Hip Protection Market by Application
9.1.5.2 Canada Hip Protection Market
9.1.5.2.1 Canada Hip Protection Market by Product
9.1.5.2.2 Canada Hip Protection Market by Application
9.1.5.3 Mexico Hip Protection Market
9.1.5.3.1 Mexico Hip Protection Market by Product
9.1.5.3.2 Mexico Hip Protection Market by Application
9.2. EUROPE
9.2.1 Europe Hip Protection Market Overview
9.2.2 Europe Hip Protection Market Forecasts and Analysis
9.2.3 Europe Hip Protection Market Forecasts and Analysis - By Product
9.2.4 Europe Hip Protection Market Forecasts and Analysis - By Application
9.2.5 Europe Hip Protection Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hip Protection Market
9.2.5.1.1 Germany Hip Protection Market by Product
9.2.5.1.2 Germany Hip Protection Market by Application
9.2.5.2 France Hip Protection Market
9.2.5.2.1 France Hip Protection Market by Product
9.2.5.2.2 France Hip Protection Market by Application
9.2.5.3 Italy Hip Protection Market
9.2.5.3.1 Italy Hip Protection Market by Product
9.2.5.3.2 Italy Hip Protection Market by Application
9.2.5.4 Spain Hip Protection Market
9.2.5.4.1 Spain Hip Protection Market by Product
9.2.5.4.2 Spain Hip Protection Market by Application
9.2.5.5 United Kingdom Hip Protection Market
9.2.5.5.1 United Kingdom Hip Protection Market by Product
9.2.5.5.2 United Kingdom Hip Protection Market by Application
9.2.5.6 Rest of Europe Hip Protection Market
9.2.5.6.1 Rest of Europe Hip Protection Market by Product
9.2.5.6.2 Rest of Europe Hip Protection Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hip Protection Market Overview
9.3.2 Asia-Pacific Hip Protection Market Forecasts and Analysis
9.3.3 Asia-Pacific Hip Protection Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Hip Protection Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Hip Protection Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hip Protection Market
9.3.5.1.1 Australia Hip Protection Market by Product
9.3.5.1.2 Australia Hip Protection Market by Application
9.3.5.2 China Hip Protection Market
9.3.5.2.1 China Hip Protection Market by Product
9.3.5.2.2 China Hip Protection Market by Application
9.3.5.3 India Hip Protection Market
9.3.5.3.1 India Hip Protection Market by Product
9.3.5.3.2 India Hip Protection Market by Application
9.3.5.4 Japan Hip Protection Market
9.3.5.4.1 Japan Hip Protection Market by Product
9.3.5.4.2 Japan Hip Protection Market by Application
9.3.5.5 South Korea Hip Protection Market
9.3.5.5.1 South Korea Hip Protection Market by Product
9.3.5.5.2 South Korea Hip Protection Market by Application
9.3.5.6 Rest of Asia-Pacific Hip Protection Market
9.3.5.6.1 Rest of Asia-Pacific Hip Protection Market by Product
9.3.5.6.2 Rest of Asia-Pacific Hip Protection Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hip Protection Market Overview
9.4.2 Middle East and Africa Hip Protection Market Forecasts and Analysis
9.4.3 Middle East and Africa Hip Protection Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Hip Protection Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Hip Protection Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hip Protection Market
9.4.5.1.1 South Africa Hip Protection Market by Product
9.4.5.1.2 South Africa Hip Protection Market by Application
9.4.5.2 Saudi Arabia Hip Protection Market
9.4.5.2.1 Saudi Arabia Hip Protection Market by Product
9.4.5.2.2 Saudi Arabia Hip Protection Market by Application
9.4.5.3 U.A.E Hip Protection Market
9.4.5.3.1 U.A.E Hip Protection Market by Product
9.4.5.3.2 U.A.E Hip Protection Market by Application
9.4.5.4 Rest of Middle East and Africa Hip Protection Market
9.4.5.4.1 Rest of Middle East and Africa Hip Protection Market by Product
9.4.5.4.2 Rest of Middle East and Africa Hip Protection Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hip Protection Market Overview
9.5.2 South and Central America Hip Protection Market Forecasts and Analysis
9.5.3 South and Central America Hip Protection Market Forecasts and Analysis - By Product
9.5.4 South and Central America Hip Protection Market Forecasts and Analysis - By Application
9.5.5 South and Central America Hip Protection Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hip Protection Market
9.5.5.1.1 Brazil Hip Protection Market by Product
9.5.5.1.2 Brazil Hip Protection Market by Application
9.5.5.2 Argentina Hip Protection Market
9.5.5.2.1 Argentina Hip Protection Market by Product
9.5.5.2.2 Argentina Hip Protection Market by Application
9.5.5.3 Rest of South and Central America Hip Protection Market
9.5.5.3.1 Rest of South and Central America Hip Protection Market by Product
9.5.5.3.2 Rest of South and Central America Hip Protection Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HIP PROTECTION MARKET, KEY COMPANY PROFILES
11.1. MEDLINE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. KANEKA
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BORT
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ALIMED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. POSEY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Medline
2.Kaneka
3.Bort
4.AliMed
5.Posey
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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